As soon as Tesla Motors was brought into existence, everyone, including the media, automatically shortened the name to Tesla for convenience. However, now it's officially becoming the company name going forward as CEO Elon Musk decided to ditch "Motors" and opted for "Tesla Inc." instead.

According to Reuters, the name change/shortening highlights Musk's focus for Tesla. It's not just about vehicles, it's about energy. Tesla is a company focused on providing energy products, one part of which happens to be electric cars.

Alongside that, the company is investing heavily in a growing battery production business at the Gigafactory 1. That facility in Nevada will also produce electric motors and gearboxes. And we can't forget Gigafactory 2 proposed for construction in Europe at some point in the near future.